SXN(SH:600661)2017-10-30 16:00Financial Performance - Operating revenue for the year-to-date reached CNY 1,303,032,664.70, a 28.05% increase year-on-year[10] - Net profit attributable to shareholders decreased by 7.59% to CNY 120,303,473.77 compared to the same period last year[10] - Basic earnings per share decreased by 16.46% to CNY 0.4198 compared to the same period last year[10] - Total operating revenue for Q3 2017 reached ¥509,958,185.14, an increase of 40% compared to ¥363,912,113.62 in Q3 2016[43] - Net profit for Q3 2017 was ¥72,834,162.28, a decrease of 16% from ¥86,788,389.96 in Q3 2016[44] - Earnings per share (EPS) for Q3 2017 was ¥0.2722, down from ¥0.3544 in Q3 2016[45] - The company reported sales revenue from goods and services of 1,441,923,027.46 for the first nine months, an increase from 1,234,202,421.85 in the previous year, representing a growth of approximately 17%[51] - The total comprehensive income for the period was 86,328,989.13, compared to 55,098,565.63 in the previous year, representing an increase of approximately 56%[49] Assets and Liabilities - Total assets increased by 35.81% to CNY 3,056,117,841.53 compared to the end of the previous year[9] - The company's total current assets reached CNY 1,965,881,954.03, up from CNY 1,214,466,088.80 at the start of the year, indicating a growth of about 62%[34] - The total liabilities of the company were CNY 1,427,648,727.13, compared to CNY 1,244,685,093.36 at the beginning of the year, marking an increase of around 15%[36] - The company's equity attributable to shareholders rose to CNY 1,567,177,393.19 from CNY 936,878,808.12, showing a significant increase of approximately 67%[36] - Total assets as of Q3 2017 amounted to ¥1,843,080,168.69, compared to ¥1,277,650,271.10 at the end of Q3 2016[41] - Total liabilities for Q3 2017 were ¥437,131,570.53, a decrease from ¥467,363,783.00 in Q3 2016[41] - Shareholders' equity increased to ¥1,405,948,598.16 in Q3 2017, up from ¥810,286,488.10 in Q3 2016[41] Cash Flow - Net cash flow from operating activities decreased by 39.12% to CNY 194,362,985.58 compared to the same period last year[10] - The net cash flow from investing activities decreased by 271.01% to RMB -602.02 million, mainly due to increased purchases of bank wealth management products[26] - The net cash flow from financing activities increased by 762.32% to RMB 488.98 million, resulting from the completion of a private placement[26] - The cash flow from operating activities for the first nine months was 194,362,985.58, down from 319,245,755.75 in the previous year, a decrease of about 39%[52] - The company reported a cash inflow from investment activities of -602,020,504.10, compared to -162,263,378.11 in the same period last year, indicating a worsening of investment cash flow[53] - The cash flow from financing activities showed a net increase of 488,979,896.38, compared to a net decrease of -73,827,816.08 in the previous year, reflecting a significant improvement[53] Shareholder Information - The total number of shareholders reached 19,917 at the end of the reporting period[14] - The largest shareholder, Shanghai Jiao Tong University Industry Investment Management Group Co., Ltd., holds 22.52% of the shares[14] - As of September 30, 2017, the controlling shareholder held 64,726,824 shares, accounting for 22.59% of the total share capital[16] Future Plans and Strategies - The company plans to issue exchangeable bonds with a total fundraising scale of up to RMB 800 million, with an initial conversion price of RMB 25.18 per share[17] - The company plans to focus on market expansion and new product development in the upcoming quarters[47] Expenses - Sales expenses rose by 55.37% year-on-year to RMB 293.50 million, driven by the expansion of educational training[24] - Management expenses increased by 79.83% year-on-year to RMB 225.80 million, also due to the expansion of educational training[24] - The company incurred management expenses of 6,447,247.20 for the quarter, a decrease from 13,545,970.71 in the same period last year, indicating a reduction of about 52%[48] Investment Activities - The company reported a significant increase in cash outflow for investments, which rose to $690,587,357.37 from $34,000,000.00, suggesting aggressive expansion or acquisition strategies[56] - The company received $587,077,597.28 from investment absorption, indicating strong investor confidence despite operational losses[57] - Cash inflow from investment income was $46,355,290.01, up from $38,304,521.30, indicating a positive trend in investment returns[56]